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Not to mention, the new record-high vacancy rate is 50 basis points “above the recessionary peaks recorded in 1986 and 1991,” an analysis published earlier this week found.
New York’s office vacancy rates are sitting at 23.6%, while San Francisco’s are a whopping 36.8% — the highest on record. These low occupancy rates have also meant falling prices for sellers ...
On September 20, 2017, it was reported that Meta Platforms would lease the entire office portion of the building to form a new San Francisco office. [ 9 ] As of May 2023, during what the San Francisco Chronicle described as "Downtown San Francisco['s] worst office vacancy crisis on record," 181 Fremont had a vacancy rate of 100%, with Meta ...
The average pre-pandemic office vacancy rate was around 16.8%. A high office vacancy rate is bad news for landlords and developers eager to fill their buildings, and also for the restaurants ...
According to Hammett, Sam Spade's office was located on the 5th floor. [ citation needed ] As of May 2023, during what the San Francisco Chronicle described as "Downtown San Francisco['s] worst office vacancy crisis on record," 111 Sutter Street had a vacancy rate of 43.9%.
As of May 2023, during what the San Francisco Chronicle described as "Downtown San Francisco['s] worst office vacancy crisis on record," Foundry Square IV (500 Howard Street) had a vacancy rate of 95.4% and Foundry Square III (505 Howard Street) had a vacancy rate of 97.6%, compared to 1.6% for Foundry Square II (405 Howard Street) and 36.9 % ...
In the United States, for example, according to the Seattle Times office space was "tight" in Seattle and Bellevue in 2013. [4] However, in 2023, the office vacancy rate in the United States had risen to 12.9%, which was seen as the highest ever since one data collection firm began tracking such statistics in the year 2000. [5]
The national office vacancy rate also hit a record 19.6% in the fourth quarter of last year, according to Moody’s Analytics. This stress will make refinancing office loans a challenge.
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